Daily Journal Corp. (S.C.) filed SEC Form 8-K: Leadership Update

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Date of report (Date of earliest event reported): July 25, 2024

 

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(e)         On July 25, 2024, the compensation committee of the board of directors of Daily Journal Corporation (the “Company”) granted the Company’s chairman and chief executive officer, Steven Myhill-Jones, 400 fully vested shares of the Company’s common stock and 400 restricted stock units, both under the Company’s 2024 Equity Incentive Plan (the “Plan”). Fifty-percent of the restricted stock units shall become vested on each of the first two anniversaries of the grant date so long as Mr. Myhill-Jones is then continuing to provide service to the Company, with vesting to be accelerated if he is terminated by the Company without Cause (as defined in the Plan). The Plan was attached as an exhibit to the Company’s proxy statement on Schedule 14A for its 2024 Annual Meeting of Shareholders, which was filed with the Securities and Exchange Commission on December 28, 2023.

 

 

 

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.